With 100% of its ethylene cracking capacity located in the Middle East and North America, US oil and petrochemical major Chevron is poised to benefit financially and competitively from its access to cheap feedstock, the company said ...
Tags: Chevron, oil, petrochemical
China should take advantage of relatively low coal prices and import more to satisfy electricity demand in its most populous provinces, instead of relying on domestic coal, which is expensive to transport, according to a Chinese government ...
Tags: domestic coal, coal prices, coal
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
Spot gas prices on the UK's NBP trading hub were moving around the 76.00 pence/therm mark Thursday morning -- around 6 p higher than the end of February -- as cooler than normal temperatures are expected next week and medium-range storage ...
Tags: Spot gas, NBP trading hub, torage facility
The Interconnector [IUK] pipeline is nominated to ship a "massive record high" of gas from Belgium to the UK Tuesday, Platts' unit Bentek Energy said, following supply disruptions which drove a large price premium for UK gas Monday. ...
Tags: Interconnector, pipeline, gas
US spot monthly natural gas prices for March increased by 12 cents, or 3.7% on average, to $3.35/MMBtu, compared with the previous month's $3.23/MMBtu average, Inside FERC's Gas Market Report said Friday. The NYMEX March gas futures ...
Tags: Gas, Metallurgy, Mineral, Energy
Repsol on Tuesday announced a $6.7 billion deal that will see Shell purchase a package of LNG assets from the Spanish firm. Repsol will sell Shell its interests in LNG facilities in Trinidad and Tobago, Peru and Spain as well as LNG ...
Coal-to-gas switching in the US could decline as much as 2.6 Bcf/d year-on-year in 2013 because of higher natural gas prices, increased renewables generation and forecast lighter cooling demand this summer, a report BNP Paribas issued late ...
Tags: Coal, gas, natural gas prices
Asia will become the second-largest global natural gas market after North America by 2015 with annual demand rising to 790 billion cubic meters, the International Energy Agency said in a report released Tuesday. "Asia is already home to ...
Tags: natural gas market, Chemicals, Metallurgy
After the 2013 NASPD Annual Conference's kickoff cocktail reception in Las Vegas on February 21, 2013, the nearly 500 attendees got down to the business of making sense of the pipe market during the general session Friday morning. ...
Tags: pipe, pipe market, pipe industry
US Northeast spot gas prices fell as much as $4 or 39% Friday on expectations that weather demand will fade due to an impeding warm-up scheduled to start on Monday. Regional temperatures will top out in the high 30s over the weekend, ...
Tags: spot gas prices, US, gas
Ukraine may quit the European Energy Community in reaction to its lack of support for the country in ongoing natural gas disputes with Russia, President Viktor Yanukovych said Friday. The warning comes two weeks after Yanukovych said ...
Tags: Ukraine, European Energy Community, gas
A change in federal tax law that decreased the take-home pay of many working Americans is impacting household budgets. According to NRF’s 2013 Tax Returns Survey conducted by BIGinsight, nearly three-quarters (73.3%) of those polled ...
Tags: Tax changes, Tax, federal tax law
Prompt prices gained value Thursday morning on the UK's NBP gas trading hub as demand rose, storage facilities were heavily utilized and temperature forecasts were revised lower. At 1200 London time, same- and next-day contracts were ...
Tags: gas trading hub, UK, natural gas
Gas prices may be rising, federal sequestration looming, and perhaps another meteor will strike. Bad things are happening, but not so much to Software as a Service providers. A recent Gartner report showed that even in the poorest ...
Tags: SaaS market, SAP, company news